Long term: I'm already for days looking at the downside for Stratis and expecting a drop below that pennant into the accumulation zone. Look how often it already tested the trendline. It looks as if its a matter of time that support will fail there. Looking at fibonacci retracement, it retraced already enough (according to my rules) and could bounce and break out to the upside.
Short term: i have been reading some hype posts that big news is coming out this coming week. Normally I dont take that into account and rely on my charts. But as I'm not 100% sure about the coming route for Strat, we might take it into consideration. News might cause a big move up but that could be temporarily. I would advise to stay out for the time being and wait to see if it breaks the yellow trendline to the upside. If it breaks out, it might be the start of something big, or just a hype. (remember XRP this week). Keep a tight stoploss. Breaking the lower trendline means a fall back into the blue accumulation zone.
if some bigger moves come this week, I will update here.
Dont forget to like this post here ;-)
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Price has crossed the blue trendline. First target is the blue box which is also close to the next trendline. Breaking out there, could be huge but beware for falling back after break out, therefore wait for confirmation. Check my link below how to trade break outs.
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that's why I wrote "wait for confirmation of break out". Pattern changed slightly
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Looking weak to me, might go for a visit in the blue box
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I'm still not impressed by its performance and waiting further movements before buying. Price needs to get back in the bigger pattern but for now I'm still waiting to see if it goed down to the blue box.
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Patience is a virtue...but we will get there ;-)
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It took some time but targetbox is reached. Now we can start looking for a buy opportunity but not hasty
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STRAT is making positive moves again and looks ready to break out
The downtrend has been very hard to overcome in this one. Recently we saw a definite change of mood. It began to get attention as we saw a initial clues of a reversal, but the strength in BTC saw the hot money pour out and new "post rally" lows were made. I think it is in the "too hard" basket still. Sentiment is probably poor enough for it to rally though
alexcph
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At what price range would you consider it a buy? And how far in the future are we holding for?
LaszloPetovari
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Hi what is the update for STRAT after September 18.?
UsmanGhani
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Hi what is the update for STRAT after 9th September.
uknowsam
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What are the targets?
clamking
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I'm not sure about the hype posts about things being released next week but at the very least I believe there is a development update next week. That being said as crypto_ed says I would stay out just in case of the hype but if you have strat coins previously traded I would sit on them to see what happens
raffaelpereira
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I bought when it touched the trendline early in this week. Honestly I think this trendline is too strong to be broken in a moment that most altcoins are recovering. I was going, long but having second thoughts now. Thanks for the chart!
KarenSa
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Thanks, i think Stratis will end up above 200K satoshi. I like your analyses
janoslav
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Thanks, I like Strat for long hold, but will keep watching as would be nice to get some more cheaper.. :)